01 Jun Let housing measures play out before introducing new policies.
Original article via CTV. Click here to read.
Policy-makers should take time to ensure there are no unintended consequences stemming from efforts to rein in Toronto’s runaway housing prices before introducing further measures, the new CEO of the Canadian Bankers Association said Wednesday.
Neil Parmenter said he’s encouraged that the federal, provincial and municipal levels of government are working together on housing policy. But he urged regulators and politicians to assess what effects recent rule changes are having before bringing in new policies.